Pandora All-Time Royalties Surpass $1.5 Billion
September 23, 2015 at 6:11 AM (PT)
PANDORA has generated more than $1.5 billion in all-time royalties for music makers, marking a major milestone for ad-supported music streaming.
“We are very passionate about our mission to help artists find their audience and help listeners find their music -- music they love, that moves them, that they personally connect with -- and we are achieving significant momentum,” said PANDORA Chairman/CEO BRIAN MCANDREWS. “It took us nearly nine years to generate the first billion dollars in royalties, and just over a year to increase that total by 50%. We are partnering with music makers to fully tap into PANDORA’s people, data and technology to unleash the music industry’s full potential. I am proud of our enormous royalty contributions, and our progress on building on a broader vision for the future of music.”